Q1 2021 Bilia AB Earnings Call Transcript
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Good afternoon. I wish you all welcome to this telephone conference about Bilia's first quarter results for 2021. (Operator Instructions). My name is Kristina Franzen, and I'm the CFO of Bilia. And together with me, I have...
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Per Avander, the Managing Director for Bilia AB. And we would like to start with some highlights. And after that, as Kristina said, we can have Q&A. And I will start.
We reported operating profit of SEK 528 million, compared to SEK 279 million last year. It's an improvement of close to 90%. It's the highest result and margin for first quarter and the second highest quarter ever. The margin in the business was 5.6%, compared to the last year, 3.7%.
Norway stands out in the report. The profitability was SEK 206 million, compared to SEK 52 million the last year. It's a new record quarter for Norway.
We divide our business in 3 business areas. We have
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